MALAYSIA and Singapore are expected to sign a bilateral agreement for the Rapid Transit System (RTS) project in December, which will improve travel between the island republic and Johor.
Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said several matters on the RTS were discussed during the 13th meeting of the Malaysia-Singapore Joint Minis-terial Committee for Iskandar Malaysia. According to the Singa-pore Straits Times, the service will start by Dec 31, 2024.
It was attended by Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin, Singapore Infrastructure and Transport Minister Khaw Boon Wan and Singapore National Deve-lopment Minister Lawrence Wong, and was held at a hotel here yesterday.
Abdul Rahman said that the meeting was fruitful as both sides now have a better understanding of the RTS link.
“There were several technical matters that both sides agreed on during the meeting, such as the concession payment for the RTS where 61% will go to Singapore and 39% to Malaysia.
“The reason behind Singapore getting a higher percentage is that the cost for them to build the RTS line is higher compared to Malay-sia’s portion.
“The stations there will be built underground,” he added.
He said Malaysia asked to be a majority shareholder in the setting- up of a joint operating company to design, build, finance, operate, maintain and renew the link’s operating assets, but Singapore’s representatives said they needed to discuss the matter with their agencies.
“Singapore also informed us that they would be upgrading the Wood-lands Checkpoint to increase overall clearance capacity to ease congestion and enhance security.
“This will allow more KTM train trips between Singapore and Johor Baru, and we are also looking at providing better safety for pedestrians coming from both sides of the Causeway,” he said.
Read more at http://www.thestar.com.my/news/nati...eal-on-rail-travel-to-jb/#lWsURzC8YMDbe2i3.99
Actually there is nothing much to be happy about for now as the bilateral agreement is only "expected to be signed in December".
Quite sure SG will not commit anything financial obligation that is legally binding until after the General Election in MY.
Before that, all these preliminaries, MOU, etc. announcements for the HSR and the RTS actually means nothing.
However, MY need plenty of such positive news prior the coming general election.
And talking about obligations, the news just came out that MY had missed the payment of US$603 million to IPIC, Abu Dhabi today.
This obligation, which was due on July 31, is half the amount 1MDB and the Malaysian finance ministry agreed to make to IPIC, with a second payment by the end of 2017.
When the Ministry of Finance, which is obliged to pay can miss the payment dateline, this has a serious impact on the country's credibility and the world is watching.
https://www.bloomberg.com/news/arti...id-to-have-missed-603-million-payment-to-ipic